WASHINGTON, D.C., May 9, 2016 — The World Bank Group’s Board of Executive Directors approved a US$9.50 million grant from the Global Environment Facility (GEF) today to help China increase water productivity...

Representatives from more than 30 countries, including some of the world’s largest carbon emitters, recently gathered in Lima to move ahead on the carbon pricing policies they say will create jobs, encourage...

Last month in New York, 175 countries signed the historic Paris agreement on climate change, with commitments to reduce greenhouse gas emissions. Asia, as the world’s biggest emitter, will be a key player...

WASHINGTON D.C., April 29, 2016 – The World Bank’s Board of Executive Directors today approved a $100 million loan to China to enhance the connectivity and efficiency of the logistics operations of the...

WASHINGTON D.C., April 29, 2016 – China gets support from the World Bank in its efforts to further develop a modern fiscal system, as the Bank’s Board of Executive Directors has approved a loan of US$22...

WASHINGTON, April 21 – East Asia and Pacific has the world’s largest and fastest-growing internet user base, but the region also has gaps in access between higher- and lower-income countries, a panel of...

WASHINGTON, April 15, 2016 – World Bank Group President Jim Yong Kim has appointed Victoria Kwakwa as the new Regional Vice President for East Asia and Pacific, effective today. “The appointment of Victoria...

Close cooperation between the two institutionswill support economic development WASHINGTON, April 13, 2016— World Bank Group President Jim Yong Kim and Asian Infrastructure Investment Bank President Jin...

Nanjing, China, April 6, 2016—The G20 officially launched the Global Platform on Inclusive Business (GPIB) today in Nanjing, China. The Platform is a global partnership that will provide support to policymakers...

Lake Aibi is shrinking. The largest saltwater lake in northwest China’s Xinjiang Uygur Autonomous Region is less than half of its size of just 60 years ago. Located in an internally draining, salt-rich...

WASHINGTON DC, March 31, 2016 – The World Bank’s Board of Executive Directors approved a $150 million loan to China today to help clean up brownfields in Zhuzhou Municipality in Hunan Province. Brownfield...

WASHIGNTON, DC, March 22, 2016—The World Bank’s Board of Executive Directors approved a US$500 million loan to China today to support innovative financing for air pollution control in the Jing-Jin-Ji region....

The China Water and Electric Corporation (CWE), EPC Contractor for the Isimba Hyropower Project in Uganda, which the World Bank is not financing, ran a paid advertisement in The Daily Monitor, a Ugandan...

Opening-Up to Promote Inclusive Development Thank you Vice President Minister Gao, distinguished delegates, it is a great pleasure to be here to speak at the renowned China Development Forum. In the coming...

BEIJING, March 11, 2016―In the last decade, China has developed the world’s largest high-speed rail network. The question now facing China Railways Corporation (CRC), is how to finance its continued development....

More competitive cities can help boost growth in the region SINGAPORE, March 10, 2016—More than 7 million more jobs can be created each year in East Asia if the cities improved their competitiveness, says...

China aims to build a xiaokang (moderately prosperous) society in a comprehensive manner and eliminate extreme poverty by the end of the 13th Five-Year Plan (2016-20) period. The reforms laid out in the...

BEIJING, March 1, 2016 – The World Bank approved a US$3 million grant from the Global Environment Facility (GEF) last week, aimed at helping create the ecological conditions for recovery of threatened...

Qiantang River is the largest river in China’s Zhejiang Province, providing drinking water for most of the 15 million people living in the river basin. It is called the “Mother River” of Zhejiang. In the...